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want to consolidate but credit rating is 'very poor' cos of too many credit cards(!)
shantibradford
Posts: 5 Forumite
in Loans
Evening everyone. I really do hope someone can offer me some advice here.
Basically I have 5 credit cards and £22k debt spread across them. I make at least the minimum repayments every month (often more) and always on time. I've had 4 of them for over 4 years. I really want to consolidate all this debt into one loan. however i've been refused a loan as i have a poor credit rating as i have so many credit cards with high limits. i don't want to get more credit on top of what i already owe - just want all my debt in one place so that i can reduce the monthly payment and get a better interest rate. i can cleary afford the repayments as i'm paying more at the moment and i always pay on time - all green zeros on my credit report. i'm on electoral role etc.
anyone got any ideas as to what i can do to get out of this catch 22?
many thanks in advance
shanti
Basically I have 5 credit cards and £22k debt spread across them. I make at least the minimum repayments every month (often more) and always on time. I've had 4 of them for over 4 years. I really want to consolidate all this debt into one loan. however i've been refused a loan as i have a poor credit rating as i have so many credit cards with high limits. i don't want to get more credit on top of what i already owe - just want all my debt in one place so that i can reduce the monthly payment and get a better interest rate. i can cleary afford the repayments as i'm paying more at the moment and i always pay on time - all green zeros on my credit report. i'm on electoral role etc.
anyone got any ideas as to what i can do to get out of this catch 22?
many thanks in advance
shanti
0
Comments
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best to go over to the debt free wannabe board and post up your full financial detailsEU tariff on agricultual product 12.2%
some dairy products 42.1% cloths 11.4%
EU Clinical Trials Directive stops medical advances0 -
okay will do. thanks clapton0
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